Snapshot*
What is WTIU?
The return on the MicroSectors Energy 3X Leveraged ETNs is linked to a three times leveraged participation in the performance of the Solactive MicroSectors Energy Index, compounded daily, minus the applicable fees. The Index is a total return index that tracks the stock prices of highly liquid U.S. energy and oil companies. The Index is a total return index that measures the performance of 12 highly liquid U.S. stocks from the energy and oil sector.
WTIUPerformance Measures**
for the time period Feb 15, 2023 to Aug 14, 2026
1M Trailing Return: 29.1%
The percent change in the value over the most recent 1-month period.
3M Trailing Return: 23.4%
The percent change in the value over the most recent 3-month period.
Max Drawdown: -75.7%
The greatest percent loss from peak to trough in value over the time period.
Standard Deviation: 71.2%
The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.
Sharpe Ratio: 0.34
The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.
Calmar Ratio: -0.03
The annualized return divided by the max drawdown for the selected time period.
ETFs related toWTIU
ETFs correlated to WTIU include OILU, NRGU, XLE
What is ETF correlation?
Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.
Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.
Using ETF correlations in portfolio and strategy construction
ETF correlations can help you create investing strategies and portfolios. Use them to:
- •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
- •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
- •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.
Trading Strategies
Related toWTIU
3x Melting Pot
Category
Leveraged ETFs, mean reversion, tactical rotation, multi-asset, daily rebalance, high risk
OOS Cumulative Return
114.28%
BisonQuant: Bottom 4 Leveraged ETFs 2 Day EMA Strategy
Category
Mean reversion, leveraged ETFs, short-term, multi-sector, daily rebalance
OOS Cumulative Return
31.22%
Create your own algorithmic trading strategy with WTIU using Composer
FAQ
Disclaimers
We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.
We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.